RNS Number : 8215N
Microlise Group PLC
20 June 2025
20 June 2025
Microlise Group plc
("Microlise", "the Group" or "the Company")
Grant of Options
Microlise Group plc (AIM: SAAS), a leading provider of transport management software to fleet operators, announces that the Company has granted options (the "Options") over a total of 1,452,472 ordinary shares of £0.001 each in the capital of the Company ("Ordinary Shares") to certain of its persons discharging managerial responsibilities ("PDMRs") (the "PSP Options").
The 2025 PSP Options, which are linked to the Company's 2025 financial year will vest on 31 December 2027, subject to the satisfaction of the performance criteria. The PSP Options may be exercised for seven years after vesting at a price of £0.001 per Ordinary Share.
The grant of the PSP Options is in line with the Group's remuneration policy and is subject to typical holding, malus and clawback provisions. The resultant Option holdings of the PDMRs are as follows:
PDMR
Role
Number of Options granted
Resultant number Of Options held
Nadeem Raza
Chief Executive Officer
403,044
1,390,821
Nick Wightman
Chief Financial Officer
190,280
571,082
Trevor McGahan
Operations Director
141,419
471,722
Duncan McCreadie
Chief Technical Officer
139,484
464,225
Stephen Watson
Product Director
127,277
421,530
Shenny Remtulla
Strategy & M&A Director
197,986
385,692
Jackie Mitchell
Human Resources Director
117,068
384,606
Mike Blackburn
Chief Revenue Officer
135,914
135,914
Total
1,452,472
4,225,592
The performance criteria that apply to the awards are set out below. Once the first threshold has been exceeded, options will vest on a straight-line basis between the target thresholds.
· The vesting of 45 per cent. of such award (the "Relative TSR Award") is based on the Company's total shareholder return ("TSR") performance over a three-year period from 1 January 2025 relative to the TSR performance of the constituents of the FTSE AIM All Share Index over the same period:
Relative TSR Performance
% of Relative TSR Award options vesting
50th percentile
25%
75th percentile
75%
100th percentile
100%
· The vesting of 45 per cent. of such award (the "EPS Award") is based on the Company's adjusted diluted earnings per share ("EPS") growth over a three-year period from 1 January 2025:
EPS for the year ending 31 December 2027
% of Relative EPS options vesting
10.3p
30%
12.0p
50%
13.8p
100%
· The vesting of 10 per cent. of such award (the "ESG Award") is linked to the achievement of net zero carbon emissions by 2030.
Reduction in TC02e / Average Number of Employees from the 2022 base line year
% of Relative TSR Award options vesting
51.8%
25%
62.5%
100%
For further information, please contact:
Microlise Group plc Nadeem Raza, CEO Nick Wightman, CFO
C/O SEC Newgate
Singer Capital Markets (Nominated Adviser & Broker) James Moat / Sam Butcher
Tel: 020 7496 3000
SEC Newgate (Financial PR) Bob Huxford / Molly Gretton / Harry Handyside
About Microlise
Microlise Group Plc is a leading provider of transport management software to fleet operators helping them to improve efficiency, safety, and reduce emissions. These improvements are delivered through reduced fuel use, reduced mileage travelled, improved driver performance, fewer accidents, elimination of paperwork and delivery of an enhanced customer experience.
Established in 1982, Microlise is an award-winning business with over 400 enterprise clients. With 463 employees based at the Group's headquarters in Nottingham in the UK, the Company also has offices in France, Australia, and India, with a total global staff base of over 670.
Microlise is listed on the AIM market of the London Stock Exchange (AIM: SAAS) and qualifies for the London Stock Exchange's Green Economy Mark.
Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them:
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nadeem Raza
2
Reason for the notification
a)
Position/status
Chief Executive Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
403,044
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Nick Wightman
2
Reason for the notification
a)
Position/status
Chief Financial Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
190,280
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Trevor McGahan
2
Reason for the notification
a)
Position/status
Operations Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
141,419
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Duncan McCreadie
2
Reason for the notification
a)
Position/status
Chief Technical Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
139,484
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Stephen Watson
2
Reason for the notification
a)
Position/status
Product Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
127,277
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Shenny Remtulla
2
Reason for the notification
a)
Position/status
Strategy & M&A Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
197,986
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Jackie Mitchell
2
Reason for the notification
a)
Position/status
Human Resource Director
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
117,068
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
1
Details of the person discharging managerial responsibilities / person closely associated
a)
Name
Mike Blackburn
2
Reason for the notification
a)
Position/status
Chief Revenue Officer
b)
Initial notification /Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
Microlise Group plc
b)
LEI
213800JRGXV9OET1LW32
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Options over Ordinary Shares of £0.001 pence each
Identification code
GB00BLR8L223
b)
Nature of the transaction
Grant of Options
c)
Price(s) and volume(s)
Exercise Price(s)
Volume(s)
£0.001
135,914
d)
Aggregated information
N/A - Single Transaction
- Aggregated volume
- Price
e)
Date of the transaction
19 June 2025
f)
Place of the transaction
Off market
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